Saladworks, the nation’s first and largest fresh-tossed salad franchise concept, operates more than 100 franchise locations in 15 states and four countries internationally, with more than 50 stores in development. The company was founded in Cherry Hill, New Jersey, in 1986 and began franchising in 2001. Saladworks locations offer a menu made with entrée-sized salads made with chopped fresh daily ingredients averaging less than 300 calories with signature dressings, as well as complimentary menu items geared toward on-the-go consumers seeking a healthy lifestyle.
Saladworks is planning explosive growth, with target markets along the I-95 corridor in the Northeast, including New York, Boston, and Northern Virginia. In addition, the made-to-order salad chain is targeting markets in the South, including Florida and Texas.
“We offer the ability to develop multiple units of a unique fresh salad concept with a 30-year history of success offering world-class support to its franchisees,” says David Wheeler, vice president of franchise development.
According to Wheeler, potential franchisees will be working with professionals who have vast expertise in both the restaurant and franchising industries. The company has built a consistent culture throughout the organization to attract the best people as associates, franchisees, and home-office staff. The support provided by the home office is a hallmark of the brand and is geared to assist franchisees in growing successful brand businesses.
There is a three-restaurant minimum commitment that requires liquidity totaling $400,000 and a net worth of $1.5 million.
Initial investment and the costs necessary to begin operating a single Saladworks restaurant could range from $513,159–$532, 814. Actual costs will vary for each restaurant depending on a number of factors, including market conditions and the geographic location of the restaurant, as well as the amount of construction work necessary for the site buildout.
The franchise fee is $30,000 per restaurant with a 10-year initial term. There is an ongoing royalty of 5 percent and a Brand Fund Development Fee of 3 percent (1.5 percent in mall locations) to be paid to the franchisor. There is also a local marketing obligation of 2 percent (1 percent in mall locations). The estimated total investment per restaurant varies on the type of the restaurant built. The total investment range is outlined in the Franchise Disclosure Document, as is a Financial Performance Representation.
“Aside from the financial requirements, an ideal investor understands business, is active in the community, and is passionate about growing the brand,” Wheeler says.
For more information about franchising opportunities with Saladworks, visit www.Saladworks.com